Broadstone Net Lease (NYSE:BNL) Director Richard Imperiale Purchases 5,000 Shares of Stock

Key Points

• Director Richard Imperiale purchased 5,000 Broadstone Net Lease shares at an average price of $21.22, investing $106,100 and increasing his direct stake by 23.53% to 26,250 shares.
• Broadstone Net Lease reported quarterly EPS of $0.21, exceeding the $0.19 consensus estimate, while revenue of $122.31 million also topped expectations. The company set fiscal 2026 EPS guidance at $1.55–$1.57.
• The company declared a quarterly dividend of $0.2925 per share, equivalent to an annualized $1.17 dividend and a 5.5% yield. Analysts maintain a “Moderate Buy” consensus, with an average price target of $22.78.

Broadstone Net Lease, Inc. (NYSE:BNL - Get Free Report) Director Richard Imperiale purchased 5,000 shares of Broadstone Net Lease stock in a transaction that occurred on Thursday, August 20th. The shares were acquired at an average price of $21.22 per share, with a total value of $106,100.00. Following the acquisition, the director directly owned 26,250 shares of the company's stock, valued at $557,025. This trade represents a 23.53% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Broadstone Net Lease Price Performance

NYSE BNL traded up $0.08 during trading on Monday, reaching $21.20. 2,168,983 shares of the company's stock were exchanged, compared to its average volume of 2,214,129. The business has a 50 day moving average price of $21.43 and a 200-day moving average price of $20.26. The stock has a market capitalization of $4.07 billion, a P/E ratio of 27.90 and a beta of 0.92. Broadstone Net Lease, Inc. has a fifty-two week low of $17.16 and a fifty-two week high of $23.10.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.02. Broadstone Net Lease had a return on equity of 4.83% and a net margin of 30.61%.The company had revenue of $122.31 million during the quarter, compared to analysts' expectations of $121.63 million. Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. On average, analysts forecast that Broadstone Net Lease, Inc. will post 1.53 earnings per share for the current year.

Broadstone Net Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Wednesday, September 30th. Broadstone Net Lease's payout ratio is 153.95%.

Wall Street Analysts Forecast Growth

BNL has been the subject of several research analyst reports. Citigroup downgraded shares of Broadstone Net Lease from a "market perform" rating to a "market perform" rating in a report on Friday, June 12th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Broadstone Net Lease in a research report on Friday, July 31st. KeyCorp lifted their price target on Broadstone Net Lease from $20.00 to $24.00 and gave the stock an "overweight" rating in a report on Thursday, July 9th. Truist Financial set a $22.00 price objective on Broadstone Net Lease in a report on Monday, June 8th. Finally, BMO Capital Markets increased their price objective on Broadstone Net Lease from $24.00 to $26.00 and gave the stock an "outperform" rating in a research report on Friday, July 10th. Seven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $22.78.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new position in Broadstone Net Lease during the 2nd quarter worth approximately $712,332,000. California State Teachers Retirement System grew its holdings in shares of Broadstone Net Lease by 1,911.3% in the second quarter. California State Teachers Retirement System now owns 4,759,288 shares of the company's stock valued at $98,374,000 after acquiring an additional 4,522,661 shares in the last quarter. Invesco Ltd. increased its stake in shares of Broadstone Net Lease by 391.1% during the 4th quarter. Invesco Ltd. now owns 4,565,429 shares of the company's stock worth $79,302,000 after purchasing an additional 3,635,809 shares during the last quarter. Balyasny Asset Management L.P. boosted its holdings in Broadstone Net Lease by 213.2% in the 2nd quarter. Balyasny Asset Management L.P. now owns 4,335,166 shares of the company's stock worth $69,579,000 after buying an additional 2,951,207 shares during the period. Finally, Norges Bank purchased a new stake in Broadstone Net Lease in the 4th quarter worth approximately $41,471,000. 89.07% of the stock is owned by institutional investors.

About Broadstone Net Lease

Broadstone Net Lease, Inc NYSE: BNL is a publicly traded real estate investment trust focused on owning and operating single-tenant commercial properties under long-term net leases. The company specializes in acquiring properties that are leased to creditworthy tenants, allowing it to generate predictable, stable rental income while transferring most operating expenses and responsibilities to its lessees.

Broadstone Net Lease’s portfolio spans a variety of property types, including industrial facilities, distribution centers, manufacturing plants, life science and office buildings, and essential retail locations.

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